Is a Vacation Home a Good Investment?

Everybody loves ski-in/ski-out condos, but—in most cases—these are rental properties. The homes are often owned by the resort, who likely owns the mountain each property is situated on. However, investing in your own vacation home may have a few benefits of its own. Sure, you might not be able to get the convenience of a ski-in/ski-out condo, but that doesn’t mean those options aren’t available. Investing in a vacation home can be an excellent choice for the right person. Below, we have a few important factors to consider.

  1. You can rent year-round. This is true of nearly every vacation spot, but it is especially important for those looking in the Breckenridge area. Of course, winter is the most popular season, but vacationers travel from around the world to experience the area’s hiking, mountain biking, and climbing. You can prorate the rate to fit the season. Speaking of rental rates…
  2. You can generate additional income. In most cases, vacation home owners barely break even on the houses they rent out. However, vacation home owners in Breckenridge have access to high demand for year-round rentals; you’re more likely than most to make money on your investment in the form of rental rates.
  3. Buying in Breckenridge is a good choice, anyway. The town is thriving, popular, and growing. In fact, the State of Colorado has had some of the highest migration rates in all of the United States. Investing in a home now can only mean a high return on investment if and when you choose to sell.
  4. You can use it whenever you want. Rather than trying to accommodate your schedule, your family, and the schedule of a hotel or rental, the vacation home is nearly always (excluding renters) available for you to take a quick weekend away.

 

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